https://www.taxtmi.com/news?id=23450 Authorities conducted searches targeting an alleged benami purchase of 117 acres through a conduit company lacking real business activity; statements from nominal directors and buyers and a hawala operator implicate the listed company's Managing Director in funding and negotiating the sale, with an agreement to sell and cash receipt recovered. Investigations also allege a wrongful interest deduction by mischaracterising self-occupied property, and probe benami shareholdings and bogus purchases; cash, jewellery and several lockers have been seized or restrained. en-us Wed, 16 Dec 2020 18:27:41 +0530 Wed, 16 Dec 2020 18:27:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23450 Authorities conducted searches targeting an alleged benami purchase of 117 acres through a conduit company lacking real business activity; statements from nominal directors and buyers and a hawala operator implicate the listed company's Managing Director in funding and negotiating the sale, with an agreement to sell and cash receipt recovered. Investigations also allege a wrongful interest deduction by mischaracterising self-occupied property, and probe benami shareholdings and bogus purchases; cash, jewellery and several lockers have been seized or restrained. News - Wed, 16 Dec 2020 18:27:41 +0530 https://www.taxtmi.com/news?id=23450